The wheel of time rolls to 2006, which is destined to be a nostalgic year for the older generation of Chinese stockholders. The most spectacular bull market in Chinese history began this year.

In January 2006, the Shanghai Composite Index announced the recovery of the market with an increase of 8.35%, and after a short adjustment of two months in February and March, the market soared again in April and May, soaring 25% all the way, and then broke the three integer thresholds of 1400, 1500 and 1600. The enthusiasm of shareholders was completely ignited, and the trading volume increased rapidly.

Stock commentators who have been silent for many years have jumped out to talk about it, some saying that the 10-year gold bull market has begun, and some saying that the rally is coming to an end. And those analysts who happen to be on the right track are constantly talking about their brilliant predictions to show how amazing they are.

In the past few months, every day in the sales department is like a holiday, and the faces of the shareholders are full of smiles of luck (illness) and blessing, and the happiest of them is the martial hero mentioned earlier.

He listened to Sun Haoyang's words before, although he did not buy Pujiang Automobile in the end, but when the market started, the position also reached sixty percent, and as the market rose all the way, the position was increased to eighty percent. And the Pujiang Automobile he chose was indeed competitive, and the stock price doubled like crazy in 3 months. After this wave of operations, the profit of Wu Hero is as high as more than 600,000.

Sun Haoyang is a professional in the financial industry, and when it comes to analyzing market trends and discussing macroeconomics, the 10 martial arts heroes are not Sun Haoyang's opponents.

But the so-called interlacing is like a mountain, and when it comes to understanding the automotive industry, Sun Haoyang is not as good as a finger of a martial artist.

Wu Yingying was originally in the automotive industry in Shanghai, so he knows all kinds of insiders in the automotive industry.

With Sun Haoyang's ability, he can only understand the relatively superficial things such as income, expenditure, profit margin, and cash flow on Pujiang Automobile's financial statements, and at most he can care about the total production and inventory situation in recent months.

And the content that Wu Hero focuses on is obviously much deeper.

In terms of cost, he should be concerned about the price changes of parts and electronic components; In terms of sales, he has to care about whether the car he sells is a small car, a commercial vehicle or an SUV.

In addition, he is very concerned about the trend of gasoline prices in the market, the government's driving restrictions, and changes in car ownership.

In this case, Wu Yingying has a very accurate grasp of Pujiang Automobile's financial performance, and the error in the estimation of the net profit data in the disclosed annual report has always been kept within 10%.

Therefore, professional things must be left to professionals.

But despite this, martial arts heroes still regard Sun Haoyang as a top master.

You must know that if it weren't for Sun Haoyang's painstaking persuasion, Wu Hero would never have dared to add so many positions, and naturally he would never be able to make so much money now.

And more importantly, Wu Yingying watched Sun Haoyang cover a stock called ST Agricultural Machinery from more than 3 yuan to more than 17 yuan.

In just half a year, the assets on a stock have increased four or five times, which can only be described as a miracle in the eyes of martial heroes.

The securities market has always been a place where only the results are seen, so now in the list of stock speculation masters in Wu Yingying's mind, Mr. Wu of the Wanyue Road Business Department ranks first, and Sun Haoyang ranks second.

At the same time, considering Sun Haoyang's age, his potential is even higher than that of Mr. Wu.

Happy days are always short-lived, and one of the biggest characteristics of China's stock market is that the bull is short and the bear is long. After months of frantic gains, the broader market is back in a stalemate.

The Shanghai Composite Index began to move sideways around 1,600 points, and all the stocks that had not risen before also began to fluctuate sharply.

And this wave of shocks can definitely be said to be very cruel for ordinary retail investors.

In the first half of 2006, this wave of market came very suddenly, and the speed of the market rose unusually fast, so most of the shareholders were short in the previous wave of the market.

In fact, there are many investors with heavy positions in the market at this time, but most of these heavy investors are deeply trapped, and a wave of rebound alone is far from enough for them to unwind.

In addition, there are a large number of shareholders who have a lot of positions, but they watch the market hit new highs every day, but the stocks in their hands have hardly moved.

Forget about stepping into the air, the big deal is that you don't earn it.

What's even more cruel is that as the market began to move sideways, the stockholders who had gone short before saw the crazy stock pullback and were struggling to keep up with the big army, so they naturally bought without hesitation. In addition, there are a large number of investors who are full of short positions and sell stocks that have not risen for a long time and chase after the leading stocks that have risen sharply.

As a result, those stocks that had risen wildly not only did not rise after they bought them, but also began to pull back.

As the market fell into a stalemate again, the leading stocks that had grown crazy before began to adjust, because the previous increase was not small, such as Pujiang Automobile, the stock price nearly doubled in just 3 months, and when the market began to pull back, the pullback of these big stocks was not small.

And someone on the Internet soon made up a joke to ridicule this situation: a certain stock investor worked hard to make some money in the bear market, but lost it in 3 days in the bull market. Other investors had to comfort him, don't worry, the bull market will pass soon, and the bear market will come.

Among these stockholders that Sun Haoyang knows, the one who suffers the most is the martial hero.

Although he has been trading stocks for several years, it is the first time he has encountered a situation where the market has soared by 70% in a few months like this year.

Wu Yingying's stock trading experience comes from the bear market pattern. How to operate in a bull market, he really has no experience at all. The techniques and strategies he used to think about in a bear market are now completely unapplicable in a bull market.

And more importantly, in the face of the volatile stock price, he kept beating the drum in his heart.

In fact, this is a common problem for all new investors and most of the old investors.

When the stock loses money, the shareholders can still have the patience to cover it slowly, but once the stock in their hands is profitable, the mentality of being rich and safe will make the shareholders who are not firm enough want to take profits.

In this case, what the shareholder holds in his hands is no longer a stock, but a hot potato, which smells very good, but wants to throw it away immediately.

p.s. According to readers' suggestions, from this week, I will publish a weekly stock review in the works related every weekend, so stay tuned~

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